National Credit Union Administration

The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 100 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. As of March 2015, there were 6,206 federally insured credit unions, with assets totaling more than $1.16 trillion, and net loans of $721.9 billion.

Organization

The NCUA is governed by a three-member board appointed by the President of the United States and confirmed by the Senate. The President also chooses who will serve as Chairman. Board members serve six-year terms, although members often remain until their successors are confirmed and sworn in.

The NCUA is administered through five regional offices, each responsible for specific states and territories.

National Credit Union Administration

The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 100 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. As of March 2015, there were 6,206 federally insured credit unions, with assets totaling more than $1.16 trillion, and net loans of $721.9 billion.

Organization

The NCUA is governed by a three-member board appointed by the President of the United States and confirmed by the Senate. The President also chooses who will serve as Chairman. Board members serve six-year terms, although members often remain until their successors are confirmed and sworn in.

The NCUA is administered through five regional offices, each responsible for specific states and territories.

Latest News for: ncua

​'The fact that the NCUA today chose to allow tax-exempt credit unions to make up what constitutes a 'well defined local community' is disappointing, but given previous decisions, not terribly surprising ... 'NCUA's action only adds to legitimate questions the courts ......

The NCUA issued the field-of-membership rule just weeks after parts of the rule were vacated by a federal judge and continue to be litigated in court ... 'Unwilling to wait for its latest unlawful power grab to be settled in the courts, the NCUA continues working to extend the industry's taxpayer-subsidized competitive advantage over taxpaying community banks....

The webinar panel-Sandra Sojka, a regulatory policy officer with FinCEN's PolicyDivision; Janet Carruthers, a fraud and risk analysis specialist with NCUA's Office of Examination and Insurance; and Andre Lucas, the director of compliance, MD.DC Credit Union Association-will review the basic requirements of the 2016 rule, including ... You can submit questions in advance at WebinarQuestions@ncua.gov ...Disclaimer ... (noodl....

NCUAGeneral CounselMichael McKenna recently issued a from the agency on loan participations. An inquiry was made about whether a loan participation must meet the requirements of NCUA's loan participations regulation throughout the life of the transaction ... He also notes that NCUA's loan participation regulation does not prohibit servicing practices that may make administering multiple loan participations more efficient....

The NCUA today posted new frequently asked questions about the distribution that include a preliminary pro rata calculation figure and instructions for recording the distribution, available online here ... 1, 2017, the NCUABoard, at its February 2018 ......

'In 2017, we took a number of significant steps to strengthen the credit union system and to improve the NCUA's efficiency, effectiveness, transparency, and accountability,' NCUABoard Chairman J ... Our accomplishments during the year are a testament to the professionalism and dedication of the NCUA's employees ... The 2017 AnnualReport is available on the NCUA's public website, ....

Credit union stakeholders have an opportunity to comment on possible changes to the standard federal credit union bylaws following the NCUABoard's approval of an advance notice of proposed rulemaking ... Under the Federal Credit Union Act, the NCUA Board is required to have a standard set of bylaws prospective credit unions can use in order to simplify the incorporation process....